THE WOOL MARKET.

Taranaki Daily News, 19 January 1921, Page 5

THE WOOL MARKET.

LATEST LONDON REPORT. RESERVES STILL TOO HIGH. By Telegraph.—Press Assn —Copyright. Received Jan. 18, 5.5 p.m. London Jan. 17. At the wool sales the reserves on merinos were unchanged. There were heavy withdrawals,, especially fine combings. The reserves on crossbreds were lowered slightly, and consequently more were cleared, but -prices are etill too high. Slipes, of which -there was a poor selection, were mostly withdrawn. At Bradford there was a better tone, and more enquiry, but business was small.—Aus. and N.Z. Cable Assn. REPORT ON PERU’S CLIP. EXPERTS SANGUINE London, Jan. 17. Leeds University experts, reporting on samples of wool collected in Peru, declare it to bo superior to Australian, Cape or Argentine wools. They prophesy that, if a scheme for the improvement of indigenous Peruvian sheep is reasonably successful, there is every likelihood that in ten years’ time Peru will provide the finest carding and combing wools. The principal types in Peru are indigenous merinos da-ting from the 16th century. The improved merinos will be based on the South American types and Romney Marshes. SALE AT DUNEDIN. FIRST SINCE COMMANDEER By Telegraph —Press Association* Dunedin, Last Night. . The first wool sale in Dunedin since 1916, after which the Government commandeered the wool, will take place tomorrow afternoon. The number of bales to be offered to-morrow is 9809, the total at the last sale (February, 1916) being 24,000 bales.